FMG 5.53% $20.14 fortescue ltd

Iron ore price, page-15730

  1. 529 Posts.
    lightbulb Created with Sketch. 145
    Hi Robbie,

    Nice pick up there; EPS is quoted in USD. So re-working the figures using 68 cent USD exchange rate.

    Predicted EPS 2019/20 $1.46 USD or $2.18 AUD - PE 2019/20 (7.59 / 2.18) = 3.48 (wow!)
    Predicted EPS 2020/21 $0.67 USD or $0.99 AUD - PE 2020/21 (7.59 / 0.99) = 7.66

    Conclusion - FMG is still too cheap at current prices.
 
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